Guideline Value for INDIRA GANDHI NAGAR 5TH STREET

Indira Gandhi Nagar 5th Street guideline value

The current guideline value of Indira Gandhi Nagar 5th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Indira Gandhi Nagar 5th Street has changed

Over the years, the guideline value of Indira Gandhi Nagar 5th Street has seen significant changes. The earliest available revision in the register is from 2007, which set the value at Rs 750 per sq.ft. This increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 367%. However, the value then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The next revision in 2023 raised the value to Rs 3,500 per sq.ft, followed by the current figure of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

To summarize the changes: from 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 407%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing the guideline value of Indira Gandhi Nagar 5th Street below this median.

• Indira Gandhi Nagar 4th Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 6th Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 7th Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 8th Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar Main Road: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Gandhi Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost for these fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Gandhi Nagar 5th Street?

The Sub Registrar Office that covers Indira Gandhi Nagar 5th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vadaagaram

When buying or selling property in Vadaagaram, the guideline value is used as a reference for determining the applicable stamp duty and registration fees. This value is essential for ensuring that the correct fees are paid during the registration process.

It is crucial for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Accurate knowledge of this value can help in budgeting for the additional costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Indira Gandhi Nagar 5th Street?

The current guideline value of Indira Gandhi Nagar 5th Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 407% over the years.

What is the land classification for Indira Gandhi Nagar 5th Street?

Indira Gandhi Nagar 5th Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Where is the Sub Registrar Office located for this street?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.